Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, bringing you the latest market update for Uptown in Dallas, Texas in February 2024.

Let’s dive right into the numbers. Currently, there is a 3.78 Months Supply of Inventory in Uptown. That means if no new homes were listed, it would take just under 4 months to sell all the existing inventory. Over the last 12 months, we’ve seen a significant increase in inventory with a 266.99% jump in Months Supply.

Despite the increase in inventory, the List to Sold Price percentage remains strong at 97.7%. This indicates that sellers are still able to achieve a high percentage of their asking price when selling their homes in Uptown.

The median days on market in Uptown is currently 30 days. This means that on average, homes are selling relatively quickly in this area. So if you’re a seller, now might be a great time to list your home.

And finally, the median sold price in Uptown is $620,000. This is a strong indicator of the overall health and demand in the Uptown real estate market.

Whether you’re a buyer or a seller, knowing the latest market trends and statistics is crucial to making informed decisions in the real estate market. If you’re interested in buying or selling in Uptown Dallas, feel free to reach out to me for personalized assistance.

Thanks for stopping by and stay tuned for more market updates from Ebby Halliday REALTORS. Happy house hunting!